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The BPA Implementation Analyst role within the growing BPA Operations team will contribute to Royal London's market entry in the bulk annuities sector. This role involves performing activities associated with the implementation of Bulk Purchase Annuity (BPA) business, covering a range of one-off and ongoing activities from implementation through buy-in and transition to buy-out.
Responsibilities
The key areas of responsibility will vary depending on business needs, including:
- Pre-execution data and operational complexity due diligence
- Scheme onboarding
- Scheme trustee and administrator management
- Shadow administration (including buy-in payroll, member option validation, and movement processing)
- Data flow and control
- Data cleanse and true-up
- Transition to buy-out (including policyholder communication and admin and payroll transition)
- Ongoing reporting (including production and review of management information and valuation extracts)
About you
We are looking for candidates with the following skills, experience, and qualifications:
- General understanding of defined benefit pensions or willingness to learn
- Experience with reviewing contracts and extracting relevant information
- Appreciation of operational challenges from data migration and ongoing management
- Experience working with spreadsheet models
- Comfortable completing calculations using proforma spreadsheets and self-reviewing outputs
- Desire to undertake professional training
- Financial background or numerically literate
- Experience managing senior stakeholders and working towards deadline
About Royal London
We’re the UK’s largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.
Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.
We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits
